A mortgage Key Performance Indicator (KPI) is a metric used to measure the performance and success of a mortgage business. Some common mortgage KPIs include:
Loan volume: the total amount of loans issued in a given period.
Loan origination rate: the number of loans originated per sales representative or branch.
Closing rate: the percentage of loan applications that are successfully closed and funded.
Delinquency rate: the percentage of loans that are past due on their payments.
Default rate: the percentage of loans that have gone into default and are unlikely to be recovered.
Average loan size: the average amount of each loan issued.
Return on assets (ROA): the amount of profit generated per dollar of assets.
These KPIs can help mortgage companies track their performance, identify areas for improvement, and make data-driven decisions to grow their business.
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